Somewhat Favorable Press Coverage Somewhat Unlikely to Affect The Priceline Group (PCLN) Stock Price
News stories about The Priceline Group (NASDAQ:PCLN) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. The Priceline Group earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the business services provider an impact score of 46.6835221017738 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Airbnb Adds Restaurant Reservations to Compete With Priceline (washpost.bloomberg.com)
- Priceline com : It’s Beginning To Look A Lot Like National Taco Day; Taco Bell® Kicks Off Taco Season (4-traders.com)
- OpenTable Uncorks the 50 Best Restaurants for Wine Lovers in Canada (finance.yahoo.com)
- Do You Know How To Count Bases In Leading Stocks? Do It To Assess Risk (finance.yahoo.com)
The Priceline Group (PCLN) opened at 1862.13 on Friday. The firm’s 50-day moving average is $1,873.07 and its 200-day moving average is $1,851.42. The Priceline Group has a 52-week low of $1,422.19 and a 52-week high of $2,067.99. The company has a market capitalization of $91.35 billion, a PE ratio of 39.55 and a beta of 1.47.
The Priceline Group (NASDAQ:PCLN) last released its quarterly earnings results on Tuesday, August 8th. The business services provider reported $15.14 EPS for the quarter, beating analysts’ consensus estimates of $14.25 by $0.89. The business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $2.99 billion. The Priceline Group had a return on equity of 33.10% and a net margin of 20.51%. The Priceline Group’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $13.93 EPS. On average, equities research analysts forecast that The Priceline Group will post $74.70 EPS for the current year.
A number of equities research analysts have commented on PCLN shares. UBS AG reissued an “overweight” rating on shares of The Priceline Group in a report on Thursday, August 24th. SunTrust Banks, Inc. started coverage on shares of The Priceline Group in a report on Tuesday, August 15th. They set a “buy” rating and a $2,200.00 price objective on the stock. Credit Suisse Group set a $2,150.00 price objective on shares of The Priceline Group and gave the stock a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research lowered shares of The Priceline Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Finally, BidaskClub raised shares of The Priceline Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $1,924.32.
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In other The Priceline Group news, Director Jan L. Docter sold 2,500 shares of the company’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $1,875.90, for a total value of $4,689,750.00. Following the completion of the transaction, the director now owns 320 shares in the company, valued at approximately $600,288. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gillian Tans sold 122 shares of the company’s stock in a transaction on Friday, July 14th. The shares were sold at an average price of $1,949.47, for a total value of $237,835.34. Following the completion of the transaction, the chief executive officer now owns 5,922 shares of the company’s stock, valued at approximately $11,544,761.34. The disclosure for this sale can be found here. Insiders sold a total of 2,867 shares of company stock valued at $5,384,080 over the last three months. 0.42% of the stock is currently owned by insiders.
About The Priceline Group
The Priceline Group Inc is a provider of travel and restaurant online reservation and related services. The Company, through its online travel companies (OTCs), connects consumers wishing to make travel reservations with providers of travel services across the world. It offers consumers an array of accommodation reservations (including hotels, bed and breakfasts, hostels, apartments, vacation rentals and other properties) through its Booking.com, priceline.com and agoda.com brands.
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